MAC has been in a strong uptrend since the 52 week lows. Had a big move up in December. Consolidating. Been recently making higher lows in a tightening range. Looking for a bounce and the next leg up.
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Falling Wedge is apparent on this daily chart
It fits in nicely because it is right where a second bottom is expected for a double bottom , and the bullish nature of falling wedges fixes this problem
Green up channel should roughly be maintained
Hi everyone, Yurii Domaranskyi here. Let's take a look at the chart:
1. Price levels are working good here
2. Globally uptrend and locally range
3. The level confirmed by a few touches
4. Huge accumulation in the range
5. Great potential 1 to 13.5 risk/reward
6. The price came from above
7. Report was 5 days ago
8. In 2 days dividends
9. Macerich Q4 earnings...
Downtrend Channel Breakout
SMA50 as support
OBV > OBV Avg34
Williams %R crossed -50
Entry 12.75
Stop 10
Target 24
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
Analysts are decreasing fair value estimate to $29.50 per share from $32.50 per share after incorporating fourth-quarter results and adjusting our assumptions for the impact of the coronavirus.
Macerich has formed a large cup and handle. Look for an upside move beyond the old dashed resistance line and into the descending channel, which it broken out of during the corona crash.
OTM call volume exceeded open interest by a large factor on Tuesday, March 9.
Swing play for MAC
Entry Price: 13.15
Target: 22.97
Stoploss: 10.19
Disclaimer: I"m NOT a financial advisor. All trades idea are shared for educational & entertainment purposes only. All advice is based on technical and my own opinion.
Hi everyone, the wxyxz structure in this pair is complete, now i expect a total reversal of the down trend or a correction of a higher degree. All this tends to a bullish forecast. Thanks for your support. Click the like if you like it, and make sure all traders see this analysis before it's too late. Thank you. Trade with profits.
The Macerich Company is an S&P 500 company that invests in premium mall assets. The company owns 29 regional malls in its consolidated portfolio and 19 regional malls in its unconsolidated portfolio along with six power centers and six other real estate assets. The company's total portfolio has 50.6 million square feet gross leasable area and averaged $801 sales...
Uptrend, EMA55/144 as support Zone
Hook reversal candle
Entry 13.5
Stop 10
Target 24
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
